Senior Fund Accountant

Tandem Recruiting Group; San Francisco (CA); On-site; USD 140,000 - 190,000; Full time

Job summary

Tandem Recruiting Group seeks an experienced Senior Fund Accountant to manage accounting and operations for private investment funds, with a focus on evergreen and open-ended structures. You will work closely with investment teams and external service providers to ensure accurate NAV, liquidity planning, and investor activity.

The role requires hands-on experience with evergreen funds, including subscriptions/redemptions, capital calls, and detailed fund reporting under US GAAP.

Qualifications

• 5-7 years of fund accounting, fund finance, or investment operations experience.
• Direct GP-side experience in venture capital or private equity.
• Hands-on with evergreen, open-ended private funds or interval funds, incl. NAV, liquidity planning, subscriptions/redemptions.
• Bachelor's degree in Accounting/Finance; CPA preferred.
• Strong analytical, organizational and communication skills; ability to manage multiple priorities.

Responsibilities

• Manage day-to-day accounting and operations for private investment funds, focusing on evergreen/open-ended structures.
• Prepare liquidity forecasts, capital activity, subscriptions, redemptions, and fund-level transactions.
• Coordinate funding, closings, follow-ons, distributions, exits with investment team.
• Review NAV calculations, capital accounts, investor allocations, and fund reporting.
• Reconcile investment activity, cash balances, expenses, accruals, fees, and capital activity.
• Support and review fee calculations and incentive allocations.
• Assist investor subscription/redemption processes and evergreen mechanics.
• Monitor liquidity and coordinate cash planning with internal teams.
• Coordinate with fund administrators, review NAV packages, resolve discrepancies.
• Ensure compliance with LPAs, side letters, fee terms; support external reporting.
• Support audits, tax, banking relationships; assist with K-1 deliverables.
• Maintain fund records, reconciliations, internal controls, and documentation.
• Support new fund launches and onboarding of evergreen/interval funds.
• Identify opportunities to improve controls, NAV review, and automation.

Skills

Evergreen funds

NAV processes

Private equity

Fund accounting

Financial reporting

Education

Bachelor's degree in Accounting/Finance

CPA preferred

Job description

We seek an experienced Senior Fund Accountant - Private Market & Evergreen Fund to manage fund accounting, operations, and post-investment activities across our private investment platform, with a particular focus on evergreen and open-ended private fund structures.

The ideal candidate will have experience with venture capital and/or private equity funds on the GP side and be comfortable partnering closely with investment professionals and external service providers. This role requires hands-on experience with evergreen funds, including periodic NAV processes, liquidity planning, investor subscriptions and redemptions, fund transactions, performance reporting, and investor activity for private market funds serving family offices and high-net-worth investors.

RESPONSIBILITIES.

• Manage day-to-day accounting and operational activities for private investment funds, with a particular focus on evergreen and open-ended private fund structures
• Prepare and monitor fund liquidity, cash forecasts, capital activity, subscriptions, redemptions, capital calls, distributions, and other fund-level transactions
• Coordinate deal funding, investment closings, follow-on investments, distributions, exits, and other post-investment activities with the investment team
• Review monthly and quarterly NAV calculations, capital accounts, investor allocations, financial statements, and other fund reporting prepared internally or by third-party fund administrators
• Review and reconcile investment activity, cash balances, fund expenses, accruals, management fees, investor capital activity, and portfolio transactions
• Support and review management fee, performance fee/incentive allocation, and other fund-level fee calculations, as applicable to the relevant fund structure
• Support investor subscription and redemption processes, including related investor allocations and, where applicable, equalization or similar evergreen fund mechanics
• Monitor liquidity requirements related to investment funding and investor redemption activity and coordinate cash planning with relevant internal teams
• Coordinate with third-party fund administrators, review accounting and NAV packages, investigate discrepancies, and ensure timely resolution of accounting and operational matters
• Review fund accounting and operational activities for consistency with LPAs, offering documents, side letters, fee terms, and other governing documents
• Support portfolio valuation, investor reporting, fund performance reporting, and quarterly and annual financial reporting processes under U.S. GAAP
• Coordinate fund-related audit, tax, banking, and other external service-provider relationships, including supporting schedules and K-1-related deliverables
• Maintain accurate fund records, reconciliations, internal controls, supporting schedules, and documentation
• Support new fund launches and onboarding of new evergreen/open-ended/interval fund (registered fund) fund structures into accounting, NAV, valuation, and reporting processes
• Identify opportunities to improve fund accounting controls, NAV review procedures, reporting processes, workflow automation, and operational scalability

REQUIREMENTS.

• 5-7 years of relevant experience in fund accounting, fund finance, or investment operations within an asset manager, private equity firm, venture capital firm, or similar investment organization
• Direct GP-side experience in venture capital and/or private equity
• Demonstrated hands-on experience with evergreen, open-ended private funds, or interval fund (registered fund) including periodic NAV processes, liquidity planning, subscriptions/redemptions, and investor capital activity
• Strong knowledge of fund accounting, NAVs, capital activity, distributions, investment transactions, and fund performance reporting
• Experience working directly with investment teams, fund administrators, auditors, tax advisors, and banks
• Bachelor's degree in Accounting, Finance, or a related field
• CPA or equivalent professional accounting qualification preferred
• Strong analytical, organizational, and communication skills with the ability to manage multiple priorities independently